>>>>>Yep, yet we consider our housing prices out of control, and some of them are. What I find really out of whack is that very few builders are building 'starter homes' any more so houses that those 1000-1200 sq ft houses that used to sell in the mid-70's to mid-90's (thousand dollars) are now well into the 130's. Another reason why younger folk can't afford to buy a house.
>>>>>
>>>>>I do not recall ever being able to buy a home for $1000 and my father was a realtor. Also, my first husband and I bought a starter home in the mid 1970's and I can assure you that it cost a lot more that $1000. Several years later, after I left him, I bought my own starter home in 1989 and it cost me $75,900. Where on earth did you get this $1000 figure from?
>>>>
>>>>You misread what Dorris wrote. She mentioned 1000-1200 sq. ft. and said they used to sell "in the mid-70's to mid-90's (thousand dollars)."
>>>>
>>>>FWIW, in 1961, my parents bought a 3-story, 5-bedroom house on a third of an acre (empty side lot and land went back to the street behind) in Philly (in a neighborhood on the outer edge of the city) for $23,000.
>>>>
>>>>Tamar
>>>
>>>Yep.
>>>We bought a starter house on Long Island around that time (3 BR)
>>>It's a safe bet that the current annual real estate tax bill for that house is close to or higher than what we paid for it.
>>
>>When I bought my first house it cost about the same as my wifes and my salary combined (about £28000) that was also my first job.
>>
>>Same house sold last year for £260000. What sort of first job would you need now to match that price.
>
>Yes.
>
>I've seen several cases of families returning to the notion of having multiple generations in one home, the way my grandparents did.

LOL we're getting there. Both my children are still at home rather than paying ludicrous rents or prices in London.
I'm beginning to wonder how essential service workers (usually fairly low paid) will be able to work in London. Hospitals, infrastructure, schools etc. They won't be able to afford a long expensive commute or to live near their work.